Property Rates in Matunga East, Mumbai 2026

Property prices in Matunga East have shown an upward trajectory, rising from ₹47,700 per sq ft in September 2025 to ₹50,800 per sq ft by June 2026. This consistent growth across the last four quarters highlights strong investor confidence and a resilient market environment for both end-users and long-term stakeholders.

The average asking price in Matunga East is currently ₹49,100 per sq ft, while the Government Registration Rate is ₹33,450 per sq ft as of June 2026. This variance is common in premium markets, where market-driven valuations often exceed government-benchmarked rates due to project amenities, location prestige, and high demand.

The rental yield in Matunga East is 3.64% as of June 2026. For investors, this yield represents the annual rental income relative to the property's purchase price, serving as a key indicator of the area's income-generating potential. An average rental rate of ₹149 per sq ft, which has appreciated by 11.19% over the observed period, suggests that the locality remains attractive for landlords seeking consistent rental returns.

Rental rates in Matunga East vary significantly by configuration: Studio apartments average ₹29,500 per month, 1 BHK units average ₹67,950 per month, 2 BHK units average ₹1.15 Lakh per month, 3 BHK units average ₹1.86 Lakh per month, and 4 BHK units average ₹3 Lakh per month as of June 2026. This range allows tenants to choose options that align with their space requirements and budget, while also providing landlords with clear benchmarks for competitive pricing.

As of June 2026, premium projects leading the rental market in Matunga East include Kesar Horizon at ₹160 per sq ft, Gurukul CHS Matunga at ₹155 per sq ft, and Earth Building at ₹154 per sq ft. Earth Building notably saw a significant appreciation of 32.76% in its rental rate, highlighting its increasing desirability among tenants compared to other projects in the area.

Property prices in Matunga East vary by status: Ready To Move units are priced at ₹41,650 per sq ft (appreciating by 5.71%), Well Occupied units at ₹47,600 per sq ft (appreciating by 15.16%), Under Construction units at ₹46,750 per sq ft (appreciating by 0.81%), and New Launch projects at ₹36,900 per sq ft (depreciating by 4.30%). These variations as of June 2026 reflect the premium placed on immediate possession versus the potential for future value appreciation in newer developments.

As of June 2026, Godrej Five Gardens leads with a listing rate of ₹64,850 per sq ft, followed by Kalpataru Matru Ashish and Rustomjee La Sonrisa, both at ₹58,400 per sq ft. While Godrej Five Gardens experienced a depreciation of 7.86%, Kalpataru Matru Ashish saw an appreciation of 8.53%, demonstrating how individual project demand can fluctuate independently of the broader locality trend.

Rental rates in the vicinity of Matunga East show diverse trends as of June 2026. While Matunga, Matunga West, Dadar East, and Wadala command an average of ₹150 per sq ft, areas like GTB Nagar and Dosti Acres are more affordable at ₹100 per sq ft. Notably, GTB Nagar saw a significant rental appreciation of 18.48%, whereas Kasaravadi experienced a sharp depreciation of 26.41%, indicating shifting tenant preferences across these micro-markets.

Buyers should use the June 2026 data to compare the average asking price of ₹49,100 per sq ft against specific project listing rates and status-wise pricing. By analyzing the appreciation or depreciation percentages—such as the 5.71% growth in Ready To Move units—buyers can identify whether they are paying a premium for immediate occupancy or finding value in under-construction projects that offer long-term growth potential.